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Gov’t employees to receive additional P5,000 bonus—DBM

/ 05:16 PM December 16, 2014
Budget Secretary Florencio "Butch" Abad. INQUIRER FILE PHOTO

Budget Secretary Florencio “Butch” Abad. INQUIRER FILE PHOTO

MANILA, Philippines — The Department of Budget and Management  (DBM) on Tuesday said government employees will receive a “one-time P5,000 bonus for the year.”

The said amount will be distributed starting this week, a DBM statement said.

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“As of October 31, about 1.4 million national government employees (civilian and uniformed personnel) will be granted the Productivity Enhancement Incentive (PEI) of a maximum of P5,000 and totaling around P7 billion,” it said.

This is on top of the employees’ year-end bonus and the P5,000 cash gift provided by the DBM earlier.

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Budget Secretary Florencio Abad said the additional bonus will serve as “recognition” for the employees’ “efforts and consistent showing.”

“The PEI will help our employees in terms of their expenses now that the holiday season is already upon us. At the same time, we also hope to remind our personnel that their contributions and commitment to the country are well acknowledged and counted upon as we continue to respond to the needs of the Filipino people,” he added.

The PEI will apply to employees who are in active service as of October 31 and have at least rendered four months of service for the year. Those who have worked for less than four months will receive prorated PEI.

The P7 billion will be sourced from the Miscellaneous Personnel Benefits Fund (MPBF) under the 2014 budget. Meanwhile, government-owned and -controlled corporations (GOCCs) and government financial institutions (GFIs) will be using their corporate operating budgets.

Abad said local government employees are also entitled to the PEI but the amount will have to be decided upon by the local council.

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TAGS: DBM, Government, government employees, productivity bonus, State budget
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